No way to know for sure and $8 is in sight. Averaging down or waiting are the two options now.
Low volume drop so far today.
Seems for now to be shaking out the weak hands after the drop.
Agree on disappointing, but many didn't expect to be able to buy these prices again. My disappointment is that the 200day didn't hold. If the low volume remains it will be harder to use charts on a ST basis. All the indicators are now extremely oversold.
I will be watching 9.50 line to that 8.05 for lower targets and the 200day (10.16-10.20 for resistance) to look at higher targets. Just have to see how it goes. Going in to holiday season so will have to see how that factors in. Eventually the gap will make a nice target for green.
Low volume drop so far today.
Seems for now to be shaking out the weak hands after the drop.
Agree on disappointing, but many didn't expect to be able to buy these prices again. My disappointment is that the 200day didn't hold. If the low volume remains it will be harder to use charts on a ST basis. All the indicators are now extremely oversold.
I will be watching 9.50 line to that 8.05 for lower targets and the 200day (10.16-10.20 for resistance) to look at higher targets. Just have to see how it goes. Going in to holiday season so will have to see how that factors in. Eventually the gap will make a nice target for green.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
